As of March 8, XRP (XRP) is faced with technology and basic pressure that suggests a 20%price drop in the near future. Based on the recent market analysis and historical patterns, investors should see three major signals.
The XRP price chart is a hint that has fallen by 20% in the future.
The XRP/USD currently forms a symmetrical triangle on the weekly charts, which reflects tug -of -war between the buyer and the seller.
XRP/USD weekly price chart. Source: TradingView
Contrary to the public’s faith, symmetrical triangles are not always optimistic. They represent prejudice conflicts.
Historically, the encryption market has seen such settings led to a decrease than bulls. For example, Ether Lee’s 2018 triangle failure decreased 80%.
ETH/USD weekly price chart achievements. 2018 symmetrical triangle breakdown. Source: TradingView
When it occurs, the price usually rises or falls to the same length, the same length as the maximum height of the triangle. If you apply this technical rules to XRP, the disadvantage is about $ 1.46, which matches the 50 -week index moving average.
Trump embraces Bitcoin, not XRP.
The price of XRP was rapidly disappearing on the US strategic encryption reserve following the White House’s inauguration crypto summit on March 7.
Despite the initial excitement, President Donald Trump’s team said that the cryptocurrency, Ether Leeum, Solara, Carno and XRP were exemplary, not an official choice.
@davidsacksWhy did you think later in Trump’s Crypto preliminary plan and thought later?
There was almost no message to do so.
JIG knows why everyone is inhibiting what XRP is and while all other SEC lawsuits are suspended. why… pic.twitter.com/96x6zvblie
-Jason Higgins 🇺🇸 (@jasontrading589) March 7, 2025
In addition, there is no evidence that the US government has XRP, and Trump’s extensive stockpile strategy, which focuses on Altcoins, excludes new purchases. This revelation has already decreased by 10% in the XRP market.
relevant: US Crypto Reserve can improve the Bitcoin market cap to $ 460B -Research
Bitcoin, on the other hand, has a clear favor from the Trump administration, and the United States has about $ 17.7 billion in BTC.
On the other hand, the XRP/BTC pair is integrated within the historical distribution zone, but it remains more than 200-2W EMA (Blue Wave) in about 2,459 satoshis.
XRP/BTC 2 -week price chart. Source: TradingView
Rest under 200-2W EMA can push XRP/BTC to about 1,700 SATOSHIS to 50-2W EMA (red wave) to reduce the correlation between XRP/USD, which can amplify the risk of 20% reduction.
XRP Volume Explosion Mirror 2021 Bear Market
XRP’s trading volume has recently soared to the recent level, warning that XRP is in the distribution stage, and warns that it is in the distribution stage that offset retail buyers after a recent rally.
XRP volume bubble. source: Encryption
This volume survives from November 2024 to January 2025.
In 2021, the sales pressure eventually surpassed the demand before a similar amount of explosion. When the history is repeated, the XRP can face another major correction that matches the symmetrical triangle failure described above.
The decrease in XRP whale holdings reflects the distribution. Whale balance has fallen from 94.2 billion to 90.2 billion XRPs for one year, and has been increasing the “Trump Pump” since the US.
Whales are large -scale investors or organizations with considerable amounts, in which case it is solved by a balance of more than a million XRP.
XRP specifies the address with over a million tokens. Source: Mesari
When whales are off -loaded, they often signal that there is a lack of trust in the short -term performance of assets, because this player usually accesses better market insights and strategic plans.
Their sales can create ripple effects, reducing liquidity and increasing sales pressure as small -scale investors follow the lawsuit.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and readers must conduct their own research when making decisions.